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Copper futures settle down on Monday

04 Apr 2023 Evaluate
Copper futures settled down on Monday prompted by fears over inflation after an unexpected announcement by major oil producers to cut production further, while disappointing factory activity data from top consumer China also adding more pressure on copper prices.

Copper futures for May delivery lost $0.0490 to settle at $4.0455 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.85 percent at $8,917 a ton.